This book examines the value of a PhD in Canada from a broad perspective and is written in a format suitable for a wide audience: professionals, business executives, governments and policy makers. It is presented through self-explanatory charts.
The book dispels the conventional wisdom that the highest possible education is always rewarded. Earnings of PhDs in Canada are very close to those with a Masters; their unemployment rate is even higher, quite opposite of their counterparts in the United States and OECD countries. A government report shows that a good number of them are driving taxies.
There are three main reasons for the deplorable state of Canada’s PhDs: declining academic positions due to continued budget cuts (universities being the main employer), antipathy of poli...